Turkish Lira in Dance of Demons part 2

Turkish Lira Analysis

last week we saw an audiovisual show of the Turkish Lira,  I told you that day that It was probably the day of change …. and I was right 

The Turkish Lira has made an incredible move of almost a penny in one month, reached a level of 4.93 against the dollar – almost touched a rate of 5 but since then its recovers to 4.54, now I’m expecting to see soon 4.36 +_ price

Technical analysis update
Long-term trend forecast moved is still up as long as 3.78 will hold!
Break below 3.78 on weekly basis will send the Turkish to 3.49
A weekly close below 3.780+- will confirm for more down moves
Points to pay attention:  4.08/4.11 /   3.93-4+_   / 3.87  / 3.83+_ / 3.74+_/3.66
Short-term trend  forecast: Break below 4.08-11 will send the Turkish to 3.93- below this levels, you need to watch long-term trends mentions above
In terms of behavior, I think the Turkish lira is expected to recover towards 4.20, but first, we need to watch on 4.36+_ so see what will happen there

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This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice


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